Gelonghui June 22nd 丨$Z&H Holdings (08069.HK) $An announcement was issued. The board of directors of the company was informed by Zonghengyou Investment Holdings Co., Ltd., the controlling shareholder of the company, that Zonghengyou Investment signed a placement agreement on June 22, 2022. According to the placement agreement, the placement agent has agreed to make every effort to induce the buyer to purchase up to 100 million shares of the company's existing shares held by Zi Hengyou Investment from the date of the placement agreement until July 13, 2022, or any other date that may be agreed by the parties to the placement agreement, at a price of not less than HK$0.38 per share of the company's shares, equivalent to 20.83% of the company's current issued share capital. After the placement is completed, Zonghengyou Investment remains the controlling shareholder of the company.